Robina
$2,380,000
3
3
2
Management Rights
- 84 Total Units
- Permanent Complex Type
- 29 Letting Pool
- $170,067 Remuneration
- $271,380 Net Profit
- $950,000 Manager's Unit
- Pets Allowed, Pool Features
Property Description
VARSITY CATCHMENT INVESTMENT - NET $270,000
On Offer: A special opportunity to acquire a high-yield residential Gold Coast Management Rights business. Profitable: Located just 8 minutes apart in the prime Varsity Lakes growth corridor, two townhouse complexes deliver a robust net profit of $271,000 p.a. including Body Corporate Salaries of $170,000 (+GST), representing 60% of profit. Sustainable Business: Combined, there are a total of eighty-four townhouses. And within the letting pool of twenty-nine lots there is high tenant demand with premium returns and exceptional rental growth. Average rent for new tenants has reached $950-$1,000 per week. Growth Potential: A handy operator could value add. There are also ten lots held by external agents that may be brought into the onsite letting pool Operationally Efficient: Both complexes feature minimal amenities, established third-party maintenance teams, and incredibly supportive committees, allowing the incoming business owner to operate the combined portfolio remotely and effectively. Well Maintained: Complexes are in excellent condition and have been recently repainted externally. There are no significant maintenance costs anticipated within the near future. Accommodation: Included within this business package is a modern townhouse featuring 3-bedroom, 2.5-bathroom, double lock-up garage with office and shed on same title. Solar panels on the roof. Current business owner lives offsite with manager's unit occupied by an approved nominee, also paying $800 rental per week for the property. This income is in addition to the advertised Net Profit of $270,000. Convenient: Situated within the highly sought-after Varsity College Primary and Senior School catchments. Offering unbeatable convenience, being handy to Bunnings and Officeworks. Minutes to Robina Town Centre, M1 Motorway, and train station. Your Contact: Bobo Qi is available for your exclusive introduction to this terrific business opportunity.
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